EPF & ESI PROGRAMME

EPF Registration Process

 The EPF registration process typically involves the following steps:

1. Obtain the employer identification number (EIN)

2. Register on the EPF portal

3. Submit employee details

4. Generate the UAN (Universal Account Number)

5. Provide the EPF contribution

6. Issue the EPF passbook

7. File EPF returns

 

ESIC Registration Process

 The ESIC registration process typically involves the following steps:

1. Obtain the employer identification number (EIN)

2. Register on the ESIC portal

3. Submit employee details

4. Provide the ESIC contribution

5. Obtain an ESIC code number

6. File ESIC returns

7. Provide the ESIC benefit to employees

 

EPF Return Filing

The EPF return filing process typically involves the following steps:

1. Obtain the EPF challan

2. Generate the electronic return

3. Verify the electronic return

4. Upload the return

5. Pay the EPF contribution

6. Obtain the acknowledgement receipt

 

ESIC Return Filing

  1. Generate the electronic return

  2. Verify the electronic return

  3. Upload the return

  4. Pay the ESIC contribution

  5. Obtain the acknowledgement receipt

Applicability of EPF/ESI

EPF (Employee Provident Fund) and ESI (Employee State Insurance) are social security schemes that are mandatory for certain employers in India. The applicability of EPF/ESI is based on the following factors:

  1. Type of establishment: EPF and ESI are mandatory for establishments that meet certain criteria, such as having more than 20 employees (for EPF) or 10 employees (for ESI).

  2. Employee salary: EPF is mandatory for employees with a salary of up to Rs. 15,000 per month, while ESI is mandatory for employees with a salary of up to Rs. 21,000 per month.

  3. Nature of work: EPF and ESI are mandatory for certain types of establishments, such as factories, mines, and construction sites, where there is a higher risk of accidents and injuries.

Add/Exit of Employee

Adding an Employee:

  1. Offer Letter

  2. Employment Contract

  3. Documentation

  4. Onboarding

  5. Payroll Setup

Exiting an Employee:

  1. Resignation

  2. Termination

  3. Exit Interview

  4. Clearance Process

  5. Payroll Processing

  6. Documentation

Update Details of Employee

Updating the details of an employee is an important HR process that involves several steps. The following is a general outline of the steps involved in updating the details of an employee:

1. Collect updated information

2. Verify the information

3. Update the HRIS

4. Communicate the changes

5. Update documentation

6. Update compliance documents

7. Monitor changes

How to withdraw EPF

Employees’ Provident Fund (EPF) is a retirement savings scheme for salaried employees in India. If you wish to withdraw your EPF balance, you can do so by following these steps:

  1. Check your eligibility

  2. Download the EPF withdrawal form

  3. Fill the withdrawal form

  4. Submit the form

  5. Track your application

  6. Receive the amount

 

 

Benefits of EPF/ESI

 

Benefits of EPF:
1. Retirement benefit:

2. Tax benefits

3. Withdrawal facility

4. Insurance benefit

Benefits of ESI

2. Maternity benefit

3. Disability benefit

4. Unemployment benefit

Both EPF and ESI provide a safety net for employees and their families, protecting them from financial difficulties and unexpected expenses.